2026 Budget for the City of Shakopee

119

2026 Annual Budget

Company: CAPITAL IMPROVEMENT FUND

Object Account

Actual 2023

Actual 2024

Budget 2025

Requested Budget 2026

04021 - CAPITAL IMPROVEMENT FUND REVENUES: 4011 - CURRENT PROPERTY TAX

(700,000.00) (1,175,139.17)

(700,000.00) (1,200,000.00) (1,500,000.00)

4204 - UTILITY FRANCHISE FEE

(928,586.11)

(950,000.00)

(950,000.00)

TAXES

(1,875,139.17) (1,628,586.11) (2,150,000.00) (2,450,000.00)

4110 - SPECIAL ASSESSMENT PRINCIPAL 4111 - SPECIAL ASSESSMENT INTEREST

(419,389.71) (52,984.69)

(416,924.81) (43,584.56) (2,555.50) (15,393.84) (478,458.71)

(350,000.00)

(350,000.00)

0.00 0.00

0.00 0.00

4112 - SPECIAL ASSESSMENT PENALTY & INTEREST 4120 - SPECIAL ASSESSMENT PREPAYMENTS

(5,536.33)

(487,411.29) (965,322.02)

(134,100.00) (484,100.00)

(200,300.00) (550,300.00)

SPECIAL ASSESSMENT

4410 - FEDERAL GRANTS 4450 - STATE GRANTS & AIDS

0.00

0.00 (1,975,300.00) (2,735,300.00)

0.00 (17,955.00)

0.00

0.00

4461 - STATE AID - CONSTRUCTION

(4,792,058.37) (1,012,091.55) (1,989,800.00) (3,760,000.00)

4490 - OTHER GRANTS/AIDS INTERGOVERNMENTAL

0.00

0.00

0.00 (715,200.00)

(4,792,058.37) (1,030,046.55) (3,965,100.00) (7,210,500.00)

4833 - INTEREST

(223,512.12) (417,962.47)

(337,666.36) (142,436.66)

(185,000.00)

(100,000.00)

4834 - CHANGE IN FAIR MARKET VALUE 4845 - CONTRIBUTIONS/DONATIONS

0.00

0.00

0.00

0.00 (72,000.00)

(355,000.00)

4850 - MISCELLANEOUS

(184,825.67) (826,300.26)

(28,011.16) (508,114.18)

0.00

0.00

MISCELLANEOUS

(257,000.00)

(455,000.00)

REVENUES

(8,458,819.82) (3,645,205.55) (6,856,200.00) (10,665,800.00)

EXPENDITURES: 6202 - SUPPLIES 6310 - ATTORNEY

148.62

0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

1,897.50

514.50

6312 - ENGINEERING/DESIGN CONSULTANTS

523,729.23 955,622.86

6327 - PROFESSIONAL SERVICES

10,053.10

54,950.00

6332 - POSTAGE

0.00

10.75

SUPPLIES AND SERVICES

535,828.45 1,011,098.11

MISCELLANEOUS EXPENSE

0.00

0.00

0.00

0.00

6765 - IMPROVEMENTS/INFRASTRUCTURE

9,703,385.79 3,838,412.18 14,098,400.00 17,246,500.00

CAPITAL OUTLAY

9,703,385.79 3,838,412.18 14,098,400.00 17,246,500.00 10,239,214.24 4,849,510.29 14,098,400.00 17,246,500.00

EXPENDITURES OTHER FINANCING:

(1,309,000.00)

(940,600.00) (33,000.00) (973,600.00)

8013 - TRANSFER IN FROM ENTERPR FUND 8019 - TRANSFER IN FROM CAPITAL FUND

(3,700,000.00) 0.00

(1,114,000.00) 0.00

(33,000.00)

TRANSFERS IN

(3,700,000.00) (1,114,000.00) (1,342,000.00)

OTHER FINANCING

(3,700,000.00) (1,114,000.00) (1,342,000.00)

(973,600.00)

Total 04021 - CAPITAL IMPROVEMENT FUND

(1,919,605.58)

90,304.74 5,900,200.00 5,607,100.00